The Institute for Fiscal Studies (IFS) has cautioned the government not to look for the least opportunity to return to the international bond market.
Rather than borrowing from the international market, the IFS told the government to learn from the central bank under the previous managers, when it sought non-debt-creating avenues to increase its international reserves, which is the Gold Purchase Programme.
Explaining the reasons for its caution to the government, IFS explained that since 2000, Ghana has suffered two debt crises.
The first, the HIPC crisis in 2001, was caused by an excessive build-up of external debt during the 1980s and 90s.
